EPIC RESEARCH MCX NICKEL UPDATE OF 11 June 2018

Posted by Commodity Updates by Epic Research on 13:53:00 with No comments

Nickel trading range for the day is 1024-1056.4.

Nickel prices recovered on short covering as supply concerns emerged over environmental restrictions in Inner Mongolia.

China's nickel production rose 2.5% month-on-month in May to 12,200 mt, with more working days in May than April.

Since mid-March, Chinese economic news flow has been increasingly underperforming relative to expectations.

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